Guy D. Andrews

Director of Economic Development

Odessa Chamber of Commerce

January 2014

ODESSA

ECONOMIC DEVELOPMENT

45 Months of Economic

Expansion and Counting

http://www.google.com/url?sa=i&rct=j&q=odessa+texas+map&source=images&cd=&cad=rja&docid=NJzWovbotfugLM&tbnid=GLzcfraMg4PwzM:&ved=0CAUQjRw&url=http://www.go-utah.com/Odessa-Convention-And-Visitors-Bureau-TX-DMO/&ei=3_kMUujJEYeMyAG1uoDIBw&bvm=bv.50723672,d.b2I&psig=AFQjCNGwQaKZQTb7BXpXi_HJNoRD8JklqQ&ust=1376668506244247

Economic Development Director

Odessa Chamber of Commerce

700 North Grant, Suite 200

Odessa, Texas 79761

(432) 333-7880

(432) 528-8948 (Cell)

(877) 363-3772 (Toll Free)

(432) 333-7858 (Fax)

GuyA@odessaecodev.com

www.odessatex.com

www.odessachamber.com

www.growodessa.net

www.odessajobs.net

Who to contact for more information:

www.odessatex.com

ODESSA DEVELOPMENT CORPORATION (ODC)

ECONOMIC DEVELOPMENT UPDATE

A SLIDE PRESENTATION OF

EVERYTHING PLANNED, UNDER

CONSTRUCTION, AND RECENTLY

COMPLETED ALONG WITH STATISTICS.

GOOGLE EARTH

A GOOGLE EARTH MAP OF

EVERYTHING PLANNED,

UNDER CONSTRUCTION,

AND RECENTLY

COMPLETED.

Building Contractor List

The University of Texas – Permian Basin

has the most active

Small Business Development Center (SBDC)

in Texas

Enrique V. Romero Director

UTPB - Small Business Development Center

O: 432-552-2455

F : 432-552-3455

www.utpbsbdc.org

Odessa’s

Amazing Economy

Year #Businesses #Added

2006 5,307 359

2007 5,702 395

2008 6,059 357

2009 6,367 308

---------------------------------------------------------------

2010 6,752 385

2011 7,232 480

2012 7,874 642

2013 8,259 385

1,892 NEW BUSINESSES ADDED SINCE 2010.

IN ADDITION THERE ARE APPROXIMATELY 1,000 BRANCHES

OF OTHER COMPANIES IN ODESSA.

TOTAL OF 8,259 BUSINESSES IN ODESSA

REGISTERED WITH THE SECRETARY OF STATE

AS OF THE END OF 2012.

ODESSA ISSUED BUILDING PERMITS IN 2013:

ODESSA ISSUED BUILDING PERMITS IN 2012: •642 SINGLE FAMILY HOMES WITH A VALUE OF $126.5 Million.

•570 SINGLE FAMILY HOMES WITH A VALUE OF $94.6 Million.

•180 NEW COMMERCIAL PROJECTS WITH A VALUE OF $167.5 Million.

•204 NEW COMMERCIAL PROJECTS WITH A VALUE OF $237 Million.

•RENOVATIONS WITH A VALUE OF $97.7 Million.

•RENOVATIONS WITH A VALUE OF $53.4 Million.

•TOTAL VALUE IN 2013: $391.7 Million

•TOTAL VALUE IN 2012: $385 Million

Source: City of Odessa

ODESSA STATISTICS :

•Metro Population: 144,500 (up from 140,200)

•City Population: 99,940 (2010 Census)

•City Population Rank in Texas – 30th Note*

•Major Industries: Energy, Education, Medical

•Gross Metro Product: $12.3 Billion (up from $9.7B)

•Unemployment: 3.6%

•Rank in U.S. in job and economic growth: #2

Note* - Based on the estimated population currently,

we would rank 18th in Texas.

Source: Forbes

Odessa’s Major

Economic Drivers

OIL AND GAS.

Permian Basin Oil and gas formations.

Pump Jack. Drilling rig.

North America’s Largest Oilfield

And 2nd Largest in the World

covering 75,000 square miles.

Texas Counties

in the Permian Basin.

The Permian Basin’s great success is based on stacked

crude layers rather than just shale.

The Eagle Ford and Bakken Shales

Overlaid onto the Permian Basin.

As of August, 2013 there were 150,142

producing wells and growing daily.

PERMIAN BASIN

OIL AND GAS STATISTICS:

•Supplied 57% of the oil in Texas – 2012 (down from 71%).

•Supplied 22% of the oil in the U.S. – 2012 (up from 15%)

•Oil production is expected to grow 60% by 2016.

•An average of 500 wells drilled per month.

•Potential of 50+ years of drilling.*

•$19.8 Billion spent in 2013 on drilling.*

•Have been drilling for 91 years.

Sources:

Motley Fool

Bentek Energy *

Texas Railroad Commission

U.S. Energy Information Agency

Thousands of established, new, and

expanding businesses of all kinds and sizes,

service the oil and gas industry in Odessa.

Thousands of established, new, and

expanding businesses of all kinds and sizes,

service the oil and gas industry in Odessa.

Thousands of established, new, and

expanding businesses of all kinds and sizes,

service the oil and gas industry in Odessa.

Thousands of established, new, and

expanding businesses of all kinds and sizes,

service the oil and gas industry in Odessa.

Thousands of established, new, and

expanding businesses of all kinds and sizes,

service the oil and gas industry in Odessa.

Thousands of established, new, and

expanding businesses of all kinds and sizes,

service the oil and gas industry in Odessa.

Thousands of established, new, and

expanding businesses of all kinds and sizes,

service the oil and gas industry in Odessa.

Thousands of established, new, and

expanding businesses of all kinds and sizes,

service the oil and gas industry in Odessa.

THE MEDICAL

COMMUNITY IS A

LARGE ECONOMIC

DRIVER IN ODESSA.

The Odessa Medical Corridor is anchored by

Texas Tech University HSC and Medical Center Hospital on the west

and Odessa Regional Medical Center on the east with numerous

doctors offices, clinics, laboratories, and other medical facilities

between the two hospitals.

Medical Center Hospital.

Center for Women & Infants

Wellness and Physical Fitness

MCH VETERAN’S CLINIC

Two new MCH Centers for Primary

Care are under construction with a

third planned.

MCH Center for Primary Care-West

University will open at University

Boulevard and FM 1936

MCH Center for Primary Care-JBS

Parkway will open on JBS Parkway

just north of University Boulevard

http://www.google.com/url?sa=i&rct=j&q=odessa regional medical center&source=images&cd=&cad=rja&docid=cByuUl2BhNoGFM&tbnid=mz8U9VcdED3J6M:&ved=0CAUQjRw&url=https://plus.google.com/102249451498947611479&ei=Nu0MUsC9JcewyQGuzYCYCw&bvm=bv.50723672,d.b2I&psig=AFQjCNFmqFxkdFRoPyoZUFXmSv6JoJH5rg&ust=1376665159928465

THRIVING

HIGHER

EDUCATION

School of Nursing

Academic

Programs

Traditional BSN

Second Degree

BSN

RN to BSN

Masters

Post-Masters

Doctor of Nurse

Practice

Allied Health Sciences

The School of Allied Health

Sciences offers eighteen

doctoral, masters and

baccalaureate health

professions degree programs.

School of Medicine

The Permian Basin regional

campus is home to residencies in:

Internal Medicine

Family and Community Medicine

Obstetrics and Gynecology

Clinical rotations and patient care

are also available in the

departments of General Surgery,

Psychiatry and Pediatrics

Received national acclaim as only

one of eight 2013 Leader Colleges

through the federal student

completion movement,

Achieving the Dream.

5,103

enrolled in

2013.

Part of the $68.4 Million Construction at Odessa College.

Wood Math & Science Building, Campus Center, and The Culinary Arts Building.

Wood Math & Science Building

Campus Center

Culinary Arts Building

Softball and Tennis Complex and Fire Technology Building.

Softball & Tennis Complex

Fire Technology Building

http://www.google.com/url?sa=i&rct=j&q=utpb+science+and+technology+complex&source=images&cd=&docid=PHwjBQpm2hDODM&tbnid=5V1dKS2B9B1g6M:&ved=0CAUQjRw&url=http://www.utpb.edu/&ei=_xQNUq3QHOOayAHZ94DQCw&bvm=bv.50768961,d.b2I&psig=AFQjCNGhJNVq_4BYqjupFcxA8fBks_YewA&ust=1376675149737968

Record enrollment

of 5,245 students.

Major construction has taken place around the original Mesa Building over the past few years

worth over $160 Million.

Dunagan Library and Lecture Center.

Cooper Lecture Hall.

Student Activities Center.

Visual Arts Studio.

Science and Technology Complex.

Wagner-Noel Performing Arts Center.

John Ben Shepperd Public Leadership Institute and Presidential Archives & Leadership Library.

Nursing degree program approved for 200 students.

Degree programs in Mechanical Engineering, Mechanical Engineering (with Nuclear Option), and Petroleum

Engineering have been implemented.

Bachelor’s Degree program in Music has been implemented.

UTPB named #1 University in Texas for Online Bachelor Degree Programs.

#2 for Master’s Programs.

New student apartments being constructed on the University of Texas-Permian Basin campus.